Space Available For Lease 2

Basement Retail

Space Type Mixed Use
Lease Rate Contact for pricing
Additional Rent $14.41/SF/YR
Total Space Available 2,827 SF
Available Date Immediate
Lease Type NNN
Sublease No

Do not distrub tenant.

Positioned on a highly visible corner at 1st Avenue and Yesler Way, this striking retail opportunity currently occupied by Magic Mouse Toys features expansive ground-floor windows that flood the space with natural light and create a strong street presence along two prominent frontages. An interior staircase connects the main level to a lower-level basement area, offering additional space well-suited for customer experience.

Can be combined with ground floor retail above.

Corner Retail

Space Type Street Retail
Lease Rate $25.00/SF/YR
Additional Rent $14.41/SF/YR
Total Space Available 1,679 SF
Floor 1
Available Date Immediate
Lease Type NNN
Sublease No
Space Number 603

Contacts

Blake Taylor

West Coast Commercial Realty LLC

Kara Farley

West Coast Commercial Realty LLC

Tiffini Cox

West Coast Commercial Realty LLC

Property Details

Property Type Mixed Use
Property Size 56,700 SF
Lot Size 0.19 Acre
# of Floors 6
Property Tenancy Multi-Tenant
Year Built 1890
Year Renovated 1987
Date Updated Sep 29, 2026

Positioned at the highly visible corner of 1st Avenue and Yesler Way, this distinctive retail opportunity in the historic Mutual Life Building offers expansive storefront windows, abundant natural light and prominent wraparound frontage just one block from Seattle’s newly revitalized Waterfront. The unique multi-level layout pairs a bright, inviting ground floor ideal for restaurant, bakery, deli or boutique retail with a character-rich lower level featuring historic brick elements and its own grand staircase entrance, creating a compelling setting for a speakeasy, cocktail lounge or bar. An interior staircase currently connects the two levels, while conceptual plans illustrate the flexibility to add hood venting and/or separate the floors into independently accessed spaces. Surrounded by established dining and retail destinations, adjacent surface parking further enhances customer accessibility, while the 2026 opening of Frank Darling Jewelers’ flagship storefront next door adds to the growing retail energy and destination appeal of this historic corner.

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